The case relates to a comment allegedly made to Queens Park Rangers defender Mr Ferdinand when the teams played last October.
The 31-year-old Chelsea skipper is charged with a racially-aggravated public order offence.
He has denied the allegation at Westminster Magistrates' Court.
If found guilty, the maximum sentence Mr Terry could receive is a £2,500 fine.
Police questioned Mr Terry under caution in November and a file on the matter was sent to the Crown Prosecution Service at the beginning of December.
The decision to investigate the former England captain was taken when police received a complaint from a member of the public after the Premier League match at Loftus Road.
As a summary offence under the Crime and Disorder Act, it will be fully heard in a magistrates' court.
Mr Terry, whose Chelsea team won the Champions League and the FA Cup in May, was part of the England side that reached the quarter-finals of Euro 2012 last month.